Following years of effort by Saudi officials to increase transparency in its stock market, the Kingdom won inclusion into MSCI, Inc.'s highly sought-after emerging market index, expanding the asset class by as much as $600 billion for the Kingdom.
The one time leader in Saudi Arabia's construction market, Saudi Binladin Group, will be slimmed down and renamed, according to an exclusive Reuters report, which cited six sources familiar with the matter.
The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia's powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply "anxiety," according to reports.
Renderings of the forthcoming Global Business School in Jeddah have been published online, depicting a massive building that will serve as a modern campus for the educational institution in Saudi Arabia's second largest city.
Saudi Arabia’s King Salman has ordered protection for employees who report financial and administrative corruption, according to reports, an indication that the Kingdom is taking seriously its efforts to combat graft.
The head of Saudi Arabia's top licensing and investment body says that the Kingdom is increasing its new licenses to investors and businessmen seeking to do business in the Kingdom, according to an interview in TheBanker.com.
Saudi Arabia beat out regional rival Qatar's first bond issuance since the Gulf crisis began with its own "surprise" $11 billion raise, which drew $52 billion of orders this week, according to reports.
A recently published research report by Riyadh-based Jadwa Investment finds a ripe landscape for investment and job growth potential in Saudi Arabia's budding tourism sector, set for gains as the Kingdom continues to open up.
Saudi Arabia's King Salman and Crown Prince Mohammed bin Salman attended the opening ceremony this week of the Kingdom's massive forthcoming entertainment city, Qiddiya, on the outskirts of Riyadh this weekend.